Sunbeth quotes N150.41bn multi-series Commercial Papers on FMDQ Exchange

FMDQ Securities Exchange Limited has approved the quotation of Sunbeth Global Concepts Limited’s N150.41 billion Series 1 – 3 Commercial Papers (CPs) under its N200 billion CP Programme, representing an aggregate issuance of N150.41 billion.

As one of the notable multi-series CP issuances in the Nigerian capital markets, the quotation underscores the increasing adoption of market-based financing solutions by corporates and reflects FMDQ Exchange’s continued role in enabling efficient capital formation and market development.

Sunbeth Global Concepts Limited (Sunbeth) is a leading agro-commodities sourcing, trading, and processing enterprise with a strong and growing operational footprint within Nigeria’s agricultural export value chain.

“The quotation of Sunbeth Global Concepts Limited’s CPs is a powerful demonstration of the depth and maturity of Nigeria’s capital markets. At FMDQ Exchange, we remain steadfast in our commitment to providing a transparent, efficient, and well-regulated platform that empowers dynamic corporates to access the financing they need to grow and contribute to economic development.

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“Sunbeth’s multi-series issuance reflects growing investor confidence in well-structured Nigerian corporate credits, and we are proud to serve as the listing platform of choice for this transaction,” said Tumi Sekoni, group chief operating officer, FMDQ Group Plc while commenting on the CP quotation.

With a demonstrated track record of excellence, innovation, and sustainable value creation, Sunbeth is firmly committed to contributing to Nigeria’s economic transformation agenda.

The net proceeds from these CP issuances, sponsored by Chapel Hill Denham Advisory Limited (Lead Sponsor), AVA Capital Partners Limited and Meristem Capital Limited, all Registration Members (Quotations) of FMDQ Exchange, will be applied towards enhancing the Issuer’s working capital position, funding strategic business expansion initiatives, and strengthening Sunbeth’s overall financial base to support its long-term growth objectives.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.